Dividend Policy

The dividend policy of IDGC of Urals, OAO is based on the balance of interest between the Company and its shareholders at the determination of the dividend amount as well as respect and strict adherence to the observation of shareholder rights stipulated by the Russian legislation, the Charter and our internal documents. It is aimed at increasing our investment attractiveness and market capitalization.

According to the approved dividend policy principles (BoD protocol #73 dd. 31.08.2010) dividends are distributed from the net profit (without revaluation of financial investments) following its distribution to obligatory reserves, investment program as well as clearing off of the operating losses shown in previous years. Besides, there are the following newly approved conditions which are obligatory while deciding on the dividend payout:

  • There should be net profit without revaluation of financial investments;
  • Debt/EBITDA ratio as of the end of the year should not exceed 3;
  • Set reliability and service quality indicators should be achieved.

As of 2011 the shareholders will receive RUR 244 805 thous as dividends. The amount of dividend per share shall total RUR 0.0028.

To view the Regulations on the Company’s dividend policy (BoD protocol #73 dd. 03.09.2010), please, visit our corporate website at: http://www.mrsk-ural.ru/ru/374 (Section “Internal Documents”).

On June 16, 2011 the AGSM decided to pay RUR 245 550 thous. as dividends. The amount of dividend per share totaled RUR 0.0028. Dividends charged to the shareholders were paid within the terms set forth by the legislation.

The dividend history of IDGC of Urals, OAO for the last 5 years:

Profit distribution 2011 (forecast) 2010 2009 2008 2007
Net profit, RUR thous. including: 2 548 050 1 684 773 1 053 267 861 352 4 008
Reserve fund 127 403 84 239 52 553 43 068 -
Enterprise development 2 175 842 1 355 729 1 000 714 818 284 -
Discharge of losses - - - - -
Dividends, RUR thous. 244 805 244 805 - - 4 008
Dividends, % of net profit 9,6% 14,5% - - 100%
Amount of dividend per share 0,0028 0,0028 - - 0,0015941